Steve, SEC hearts the OTCQX and OTCQB. Official l

Steve, SEC hearts the OTCQX and OTCQB.

Official love as established public markets legitimizes OTC Markets for investors and financiers.

June 2013 Newsletter
OTCQX and OTCQB Marketplaces Are Now Established Public Markets

On May 16, the Securities and Exchange Commission (SEC) updated its Compliance and Disclosure Interpretations confirming that the OTCQX® and OTCQB® marketplaces are now considered “established public markets” for the purpose of establishing a public market price when registering securities for resale in equity line financings. Companies may now use their OTCQX or OTCQB marketplace designation to complete an equity line financing registration statement, and may rely on quotes published on our SEC-registered Alternative Trading System, OTC Link® ATS, to establish a public market price when raising capital.

The SEC’s decision comes after a decade of changes and improvements in technology, transparency and regulation in our marketplaces, and marks an important development for SEC reporting companies. The SEC’s May 16 Compliance and Disclosure Interpretation updating the Established Public Market policy is available. See Question 139.13.

Read our June Newsletter for more on the regulatory changes affecting our marketplaces.
http://www.otcmarkets.com/content/doc/OTCNews...etter.html

http://web.otcmarkets.com/new-developments-im...ketplaces/